1. (a) In this subtitle the following words have the meanings indicated.

2. (b) “Borrower” means a business that:

   1. (1) qualifies as a small business under the U.S. Small Business Administration size standards;
   2. (2) applies to a lender for business financing; and
   3. (3) has fewer than 50 employees.
3. (c) “Department” means the Department of Commerce.

4. (d) “Lender” means:

   1. (1) a credit union, as defined in § 1-101 of the Financial Institutions Article;
   2. (2) a financial institution, as defined in § 1-101 of the Financial Institutions Article; or
   3. (3) a community development financial institution, as defined in 12 U.S.C. § 4702(5).
5. (e) “Program” means the Capital Access Program established under this subtitle.

Added by Acts 2023, c. 254, § 5, eff. May 3, 2023; Acts 2023, c. 255, § 5, eff. May 3, 2023. Amended by Acts 2025, c. 605, § 4, eff. Oct. 1, 2025.